Henry tells Chalmers to stop ‘fiddling' and launch into tax reform
Former Treasury boss Ken Henry has called on federal Labor to stop 'fiddling' and buy in wholesale on taxation reform, suggesting a broader package of imposts on fossil fuel exports and increasing the GST to pay for company and income tax cuts.
Henry nominated fixing environment laws, tax reform and investment in education and infrastructure as his three top priorities to improve productivity ahead of the Albanese government's productivity summit to kick-start its second term agenda.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
AU Financial Review
an hour ago
- AU Financial Review
Albanese puffs up defence as Trump meeting looms
The Albanese government may bring forward defence spending to accelerate the delivery of new weapons and platforms as it attempts to satisfy the Trump administration's demands to increase the military budget. The government's powerful national security committee of cabinet is due to sign off on a raft of key defence projects before the end of the year, including new warships, aircraft and missiles as well as facilities, that will cost billions of dollars.
AU Financial Review
2 hours ago
- AU Financial Review
Woodside gets more time to access impact on North West Shelf extension
Gas giant Woodside has been given more time to assess the impact of conditions the Albanese government imposed on the future operations of its North West Shelf operation. The government last month gave Woodside a conditional approval to extend the life of the West Australian gas processing plant until 2070, subject to a number of air quality and emissions-based conditions.
Sydney Morning Herald
2 hours ago
- Sydney Morning Herald
Labor wants power rebates kept as price increase looms
The state opposition has urged the Crisafulli government to reverse its position and retain electricity price rebates, saying their removal will make the cost-of-living crisis worse for struggling Queenslanders. Treasurer David Janetzki has confirmed the Miles government's $1000 electricity rebates will be scrapped in his first budget later this month. The scrapping of the rebate was last month cited as the primary reason Brisbane's 1.9 per cent first-quarter CPI increase far exceeded other capital cities. Labor Opposition Leader Steven Miles, who introduced the rebate last May when he was premier, said the LNP had promised lower power prices before the election – a promise that was set to be broken. '[Now-Premier David Crisafulli] promised Queenslanders that energy prices would be lower and he promised that energy rebates would continue for so long as they are experiencing cost-of-living pressures,' he said. 'On October 3, he said 'so my commitment to Queenslanders is that energy will be cheaper under the LNP'. They're his words.' Miles was referring to Crisafulli's promise during the election campaign that 'energy will be cheaper under the LNP because we have a plan to drive down the ongoing costs'. 'Queenslanders see the difference between a political party promising everything before an election after 10 years and not doing very much, and a united and fresh opposition that is promising long-term relief by fixing the underlying issues that are forcing up power prices,' Crisafulli said at the time.
